Copper Records Biggest Annual Gain Since 2009 on Supply Bets
Traders have been rushing to ship copper to the US in anticipation of potential tariffs.
Photographer: Lauren Petracca/BloombergCopper had its best year since 2009, fueled by near-term supply tightness and bets that demand for the metal key in electrification will outpace production.
The red metal has notched a series of all-time highs in an end-of-year surge, rallying 42% on the London Metal Exchange this year. That makes it the best performer of the six industrial metals on the bourse. Prices dipped 1.1% Wednesday, the last trading day of 2025.